Description: This paper discusses and reaches the conclusion that baby-boomers and younger workers need to be told that their Social Security benefits will be substantially less adequate than those of today's retirees, and that they need to know now so that they have time to take appropriate actions to have more retirement income available from other sources. From The Old-Age Crisis - Actuarial Opportunities - The 1996 Bowles Symposium, M-RS99-1.

Description: A description of the changes to Social Security that will occur in 2020.

Description: This paper presents mortality rates by sex at ages 90 and above for persons who received retired worker benefits from the social security program for the first month that such benefits were paid. Followed by a discussion paper

Description: Description of program parameters for next year.

Description: Summary of changes in Social Security program parameters effective in 2018

Description: Commentary from section chair

Description: This article discusses Internal Revue Code, ‘IRC,’ Sections 7702 and 7702A with respect to the implementation of the 2001 CSO Mortality Table, which must be used in the calculations for policies issued on or after January 1, 2006. “The insurance industry has requested guidance from the Treasury Department and the Internal Revenue Service on the proper application of the current computational rules to the 2001 CSO Mortality Table but, to date, such guidance has not been provided. Therefore, the Taxation Section established the 2001 CSO Maturity Age Task Force, the members of which authored this article, to propose methodologies that would be actuarially acceptable under Sections 7702 and 7702A of the Code for calculations under contracts that do not provide for actual maturity before age 100.” This article summarizes the task force recommendations.

Description: Social Security Disability Insurance DI experience in 1980 is continuing most recent trends, but changing somewhat in a few others.

Description: Here are the themes that I plan to address in more detail over the next year—our education and examination program; more meaningful partnerships among the various actuarial organizations, especially in the United States; and increased transparency.

Description: Summarizes and explains the COLA and wage-indexed changes in Social Security program parameters announced by the Social Security Administration on October 13, 2022.